Devaluation could itself trigger a wage - price spiral.

贬值本身将引发工资 - 价格螺旋.

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The risk of a wage - price spiral, albeit a modest one, is not negligible.

工资 - 价格螺旋上升, 即使是一种适度的上升, 其风险也是不可小视的.

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The insidious interplay between prices and indexed wages was central to the ensuing wage - price spiral.

物价与经通胀调整的工资之间的危险关系是造成工资 - 价格恶性循环的关键因素.

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The article thinks, problem of wage price rigidity is the central problem of new Keynesia creed.

本文认为, 工资价格刚性问题是新凯恩斯主义的中心问题.

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If he gave in to such demands , the result really could be a 1970 s - style wage - price spiral.

如果布朗做出妥协, 那么很有可能会重蹈1970年代工资 - 物价盘旋上升的覆辙.

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